11400 Garvey Ave El Monte, CA 91732
- Automotive properties
- 13,600 SF
- 0.30 lot acres
Current Use by Public Records
- Apollo Auto / Used Car Dealer / Auto Broker
Property Details for 11400 Garvey Ave
- Year built
- 1997
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.30 lot acres
- Property size
- 13,600 SF
- Zone code
- EMC3*
- Property type
- Automotive properties
- APN
- 8105-005-015
- APU
- 8105005015
Description
This exceptional investment opportunity presents a single-tenant, net-leased auto shop in El Monte, California. The property, located at 11400 Garvey Ave, boasts 1,170 square feet on a 0.51-acre lot and is currently 100% occupied by an established car dealership under a three-year NNN lease. The asking price is $3,240,000, representing a 5.00% cap rate with a current NOI of $162,000. The building, constructed in 1997, sits on a hard corner lot at the intersection of Garvey Ave and Dee Ave, benefiting from high visibility and traffic counts exceeding 45,161 vehicles daily. The property's M/Mu zoning allows for potential future redevelopment into a residential project upon lease expiration. The lease includes annual rent increases of 3%, ensuring a growing income stream. The property's location within the densely populated San Gabriel Valley offers strong demographics, with over 197,943 residents within a three-mile radius and an average household income exceeding $97,936. This presents a compelling opportunity for investors seeking a low-management, high-return investment with significant long-term potential. The NNN lease structure ensures minimal owner responsibilities, making this an ideal 1031 exchange candidate. The property's location and zoning create high barriers to entry for future competition.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,935,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,585,000
- 6.5%
- $2,615,000
- 7%
- $2,665,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,725,000
- Geo Method
- $2,180,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,480,000
- Retail
- $2,365,000
- Mixed-Use
- $2,705,000
- Hospitality
- $2,750,000
- Educational
- $2,305,000
- Residential Income
- $2,465,000
- Energy
- $2,180,000
- Income-Based Land
- $2,320,000
- Food Service
- $2,140,000
Location Insight
- Map
- Local Demand
- City
- El Monte
- County
- Los Angeles
- State
- California
- Longitude
- -118.029
- Latitude
- 34.0624
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
